Defined benefit (DB) schemes should act now to insure members’ benefits before an “anomaly” in the markets is corrected, Prudential Retirement has said.
This week’s top stories included The Pensions Regulator launching a prosecution against the director of a professional trustee firm, and the regulator approving five master trusts.
Legal & General (L&G) has entered into an agreement with US law firm Locke Lord for a £35m buyout of UK-based Edward Wildman Palmer pension scheme.
Rothesay Life has completed £3.7bn of bulk annuity transactions so far in the second half of this year, according to its latest trading update.
While buy-ins can provide an immediate reduction to liability values, schemes run the risk of retaining key risks and storing up problems, says Jos Vermeulen
Just Group is exploring a defined benefit (DB) de-risking partnering approach as part of the development of a capital light fee business, according to its half-year results.
The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.
Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
Lane Clark and Peacock (LCP) has predicted the total volume of buy-ins and buyouts will surpass £15bn in the first half of this year, more than double 2018 H1 volumes.
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).
The Bank of America Merrill Lynch UK Pension Plan has insured benefits for 915 pensioner members in a £400m buy-in with Scottish Widows.
Scottish Widows has completed two bulk annuity transactions totalling £830m, insuring benefits for the Peugeot Advanced Pension Plan and the QinetiQ Pension Scheme.
The challenges for small pension funds to buy out their liabilities are well-known. A solution has emerged and is set to become popular across the DB universe, writes Stephanie Baxter
Pension Insurance Corporation's (PIC) bulk annuity business transacted £7.1bn of buy-ins and buyouts over the course of 2018, its annual results reveal.
The National Express UK Pension Scheme has completed a full buy-in with Rothesay Life, insuring benefits for all members.
Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.
Jane Kola looks at what pension funds can they do to improve their chances of concluding a successful deal on good terms
Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
Bulk annuity sales at Just Group have nearly doubled, with total deals amounting to nearly £1.1bn, the insurer's nine-month results reveal.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.